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Reverse charge related

RCM 255 views 7 replies
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139 Points Posted on 13 September 2018
old gold purchased from unregistered person. Is reverse charge applicable on those purchases?
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On 13 September 2018 at 00:22 Report
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GST Practitioner
55067 Points Posted on 13 September 2018
No.....................
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On 13 September 2018 at 00:47
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58 Points Posted on 13 September 2018
No, reverse charge in respect of goods is applicable only on goods notified u/s 5(3)/9(3) of IGST/CGST act, 2017 & gold(including old gold) is not covered there.
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On 13 September 2018 at 01:42
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"Do the Right Thing...!!!"
128152 Points Posted on 13 September 2018
No... RCM not applicable.
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On 13 September 2018 at 08:05
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139 Points Posted on 13 September 2018
so where to show these purchases in GSTR3B?
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On 13 September 2018 at 08:11
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"Do the Right Thing...!!!"
128152 Points Posted on 13 September 2018
In GSTR 3B.,
We will show the details in column no

3.1-(d) for liability &
4(A)-(3) for ITC...
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On 13 September 2018 at 08:15
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139 Points Posted on 13 September 2018
do we have to deposit tax on unregistered purchase?
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On 13 September 2018 at 09:13
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GST Practitioner
55067 Points Posted on 13 September 2018

NO. .... IT WILL BE TREATED AS EXEMPTED INWARD SUPPLY

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On 13 September 2018 at 14:52


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